U.S. Senate Rejects GENIUS Act: Impact on Cryptocurrency Regulation and Stablecoins In a tense 48-49 vote, the U.S. Senate has thrown a wrench into the cryptocurrency industry’s plans by rejecting the Guiding Equitable and Novel Innovations in Stablecoins Act (GENIUS Act). This bill, designed to regulate stablecoins—a type of cryptocurrency designed to minimize the volatility […]
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Bitwise CIO Warns: Congress May Fumble Crypto Regulation at Final Stretch Matt Hougan, the Chief Investment Officer at Bitwise, has raised the alarm on a potential tumultuous summer for the cryptocurrency industry if Congress fails to pass crucial regulations. Despite recent supportive measures from the Trump administration, Hougan insists that legislative action is essential to […]
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Schumer Raises Concerns Over Tether’s Role in Proposed GENIUS Act Senate Minority Leader Chuck Schumer has voiced his apprehension regarding the treatment of Tether, the leading stablecoin issuer, within the proposed Guiding and Establishing National Innovation in U.S. Stablecoins Act (GENIUS Act). This legislation aims to regulate stablecoins, addressing the burgeoning market’s need for clarity […]
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Stripe’s Leap into Stablecoin Payments: A Global Pilot Program Stripe, the renowned payment processor, is making waves in the cryptocurrency world with its latest venture into stablecoin payments. Aimed at businesses outside the U.S., U.K., and E.U., this pilot program marks a significant step in Stripe’s journey to revolutionize global payments. Stripe launches stablecoin payments […]
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Central Bank Warns Trump’s Crypto Push Could Spell Disaster for Europe The European Central Bank (ECB) is raising alarms about potential disruption to the European financial system due to Donald Trump’s aggressive promotion of dollar-backed stablecoins in the United States. These concerns, dismissed by the European Commission as overblown, stem from Trump’s full-throttle embrace of […]
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Banking Giants and Crypto Firms Eye US Expansion Amid Regulatory Shifts The crypto world is abuzz as banking giants like Deutsche Bank and Standard Chartered explore expanding their cryptocurrency operations in the US, following a surge of crypto firms eyeing the American market. Crypto firms like Circle, BitGo, Coinbase, and Paxos explore US expansion. Deutsche […]
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MoonPay CEO Urges Congress to Preserve State Authority Over Stablecoins Amid Legislative Push In a bold move, MoonPay CEO Ivan Soto-Wright has urged Congress to maintain state-level control over stablecoins, amidst a heated legislative battle. Stablecoins are cryptocurrencies designed to have a stable value, often pegged to a fiat currency like the US dollar. MoonPay […]
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Which Tokenized RWA Segments Will Boom Next? Did you know that the market for tokenized real-world assets (RWAs) is projected to reach $1 trillion by 2030? At the TokenizeThis conference in New York, industry leaders shared insights on this burgeoning market, pinpointing segments poised for significant growth. Stablecoins: $230 billion market Onchain RWAs: $18.5 billion […]
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Stablecoin Surge: Outpacing Visa and Signaling Crypto’s Growing Utility The crypto sector experienced a rollercoaster first quarter of 2025, marked by initial optimism and subsequent challenges. Bitwise’s review described this period as “frustrating,” yet highlighted a significant milestone: stablecoin transactions surpassed Visa’s payment volumes. This surge, alongside the rebound in trading volumes for Bitcoin and […]
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Countries Turn to Cryptocurrencies and Stablecoins Amid Trump’s Tariffs: A Global Financial Shift President Trump’s latest tariff announcements are driving countries to embrace cryptocurrencies and stablecoins, despite their previous regulatory skepticism. This shift underscores a fascinating paradox in the global financial landscape. Trump’s tariffs prompt countries to explore crypto alternatives Dubai launches AE Coin, South […]
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